Brazil Industry December 2018

Brazil

Brazil: Industrial production rebounds in December

February 1, 2019

Industrial production rebounded in December, growing 0.2% month-on-month in seasonally-adjusted terms. The result contrasted November’s revised 0.1% contraction (previously reported: +0.2% mom).

The rebound was fragile with only one major economic category—-intermediate goods—recording growth. Among sectors, industrial output expanded in 11 of 26, with food products recording the most significant expansion.

In 2018, industrial production grew 1.1%, below 2017’s 2.5% expansion. The slowdown was driven partly by the second quarter’s truckers’ strike which disrupted economic activity.

The analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast see industrial production growing 3.2% in 2019, which is unchanged from last month's estimate. In 2020, industrial output is expected to grow 3.2%.


Author: Angela Bouzanis, Senior Economist

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Brazil Industry Chart


Brazil Industry December 2018

Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: Brazil Institute of Geography and Statistics (IBGE) and FocusEconomics calculations.


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